Launches new security and storage products
MUMBAI: Symantec Corp, a $5 billion network security and storage management major, sees India as both a big source of talent and an important market.
Anil Chakravarty, vice-president, technical operations, Symantec India said on Thursday that the Asia Pacific region accounted for around 40% of the company's research and development (R&D), with India accounting for around 80% of the Asia Pacific R&D pie.
Speaking at launch of its network security product Symantec Endpoint Protection 11.0 and storage optimiser Storage United, Chakravarty acknowledged the substantial contribution of the company's Indian arm to its products.
Symantec's development centres in Pune and Chennai employ 2,500 engineers. It has grown in India through organic and inorganic routes. Several of its acquired companies like Veritas have had an India presence, which were merged with its development team.
India, according to Enrique Salem, group president, worldwide sales and marketing, is Symantec's third-largest market in the Asia Pacific and Japan region.
Salem said the total memory usage in India was expected to grow 88% to 52,700 terabytes (1 terabyte=1000 gigabytes) by 2008, the main growth drivers being banking, financial services and insurance, ITES, retail and pharmaceuticals sectors.
Despite piracy being pegged at 72% of the Indian market by the Business Software Alliance, Salem said growth opportunities were high since 40% of the 22 million personal computers in the country did not have antivirus infrastructure.
According to Vishal Dhupar, managing director, Symantec India and SAARC, both the products would be rolled out in India next year, once the distribution network was in place.